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Here's a quick preview of today’s content: Crypto 'Godfather' gets six years for $37M fraud, UK picks six banks for digital gilt issuance, Bloomberg adds Hyperliquid pricing, Indiana butcher begins accepting bitcoin, Tether hit with lawsuit over $2.76M freeze, and so much more

Polymarket recently launched Polymarket Institutional Research, a publication exploring the intersection of prediction markets with the global financial system. It's proprietary research straight from their institutional desk with super valuable insights for public market investors. You can read their latest piece here.

Happy Tuesday – Let’s dive in.

Market Snapshot

Click here to learn more about the Gannon’s portfolios and subscribe to the strategies on Autopilot.* Since inception (7/3/25), Gannon’s Crypto Portfolio is up +21.5% Gannon’s AI Fund is up +70.8%

  • Bitcoin stays locked around $85,000 as stocks hover near records

    • ZEC and XMR wake up as smaller altcoins shine, with BTW jumping +25% in a day

    • Capital starts rotating back to crypto from AI, though BTC ETFs shed $90M

    • Tokenized stocks grew +395% in a year while DeFi use stayed under 3%

Prediction Markets

  • Which artist will have a #1 charting song this year?

  • Deposit $10 and get a $20 bonus with code LIT on signup, only on the Polymarket US app

Headline Roundup
The major headlines driving crypto markets

  • Winklevoss twins file for Zcash ETF (DC)

  • Candidates fined $10K for trading on their own elections (DC)

  • Solana debuts settlement standard with J.P. Morgan (DC)

  • Circle welcomes DJ Khaled to 'Team USDC' (DC)

  • BlackRock says AI could be the driver of crypto demand (BM)

  • Tether hit with lawsuit over $2.76M freeze (TB)

  • Bloomberg adds Hyperliquid pricing (TD)

  • Brevan Howard uses Ripple for brokerage and financing (TB)

  • Coinbase launches 15-minute crypto markets (TD)

  • Crypto card payments hit record $12.5B (BM)

  • Rain seeks trust bank charter (CT)

  • Indiana butcher begins accepting bitcoin (BM)

  • Arbitrum joins stablecoin group Global Dollar (CD)

  • Fortitude expands Zcash mining push (TB)

  • DeFi Development authorizes CHAD stock buyback (TB)

  • Ethereum’s Glamsterdam test gets last-minute fix (CD)

  • Pudgy Penguins' Ethereum Layer-2 Abstract shuts down (TB)

A Message from Polymarket

CONVERGENCE?

What’s really driving the SpaceX – Tesla merger odds?

Elon Musk has a long history of rolling up his companies. X.com and Paypal (2000), Solar City and Tesla (2016). xAI and X.com (2025) and SpaceX and xAI in February of this year.  

For nearly a decade Elon has insisted that there was “not a strong rationale” to merge Tesla with SpaceX. But in November we started to hear a different tune. “My companies are, surprisingly in some ways, trending towards convergence,” Elon posted in November of 2025. 

Will 2027 be the year of the Elon giga-merger? 

Read more at Polymarket Institutional Research -> 

Venture Capital

  • Crypto exchange OKX raises $25B from StanChart and Circle (BBG)

  • Tokenized cash issuer Spiko raises $90M led by New Enterprise Associates (TB)

  • Peter Thiel-backed Founders Fund leads a $5M token buy in crypto protocol Anvil (CD)

Access the complete VC deal flow on Fundable.

M&A Announcements

  • Anchorage Digital buys payouts platform Routable (TD)

Launches

  • Ondo launches private-company exposure (TB)

  • Polymarket rolls out V2 upgrade (TB)

  • Kalshi launches US 500 perpetual future (TD)

  • Paxos’ USDG stablecoin launches (CT)

  • Solana Foundation launches DvP (CT)

Regulation

  • UK picks six banks for digital gilt issuance (BBG)

  • Russia’s digital ruble accounts top 220K (CT)

  • Hong Kong doubles down on deadline for crypto licensing (CT)

Cybersecurity

  • Crypto 'Godfather' gets six years for $37M fraud (DC)

  • Loan attacks drain $1.2B between 2020-2024 (DC)

  • Chinese crime network launders over $1B (CT)

Extra Reads

Chart of the Day

The stablecoin market is still down $14B from its May peak

Meme Dump

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*DISCLAIMER: Investment advice provided by Autopilot advisers LLC, an SEC registered investment advisor. Past performance does not guarantee future results. Investing carries risks including the risk of the loss of principal. Performance doesn’t include fees. See more here.